21Shares Sui ETF Reports Significant Net Asset Decline and Negative Returns in Q1 2026
TSUI sits 32% above its 52-week low of $16.71.
Summary
21Shares Sui ETF (TSUI) reported a net decrease in net assets of $5.67 million from operations and a total return of -36.96% for the quarter ended March 31, 2026, primarily due to a sharp decline in the value of its underlying SUI holdings.
Key Events · Earnings and Guidance · TSUI
-
Significant Net Asset Decrease
The Trust reported a net decrease in net assets resulting from operations of $5,671,108 for the three months ended March 31, 2026.
-
Negative Total Return
The fund's total return was -36.96% for the quarter ended March 31, 2026, and -47.95% since its initial seeding on November 18, 2025.
-
Underlying Asset Depreciation
The price of SUI, the fund's sole asset, declined by 36.69% from $1.39 on December 31, 2025, to $0.88 on March 31, 2026.
-
2-for-1 Reverse Share Split
A 2-for-1 reverse share split was approved and became effective on February 22, 2026, retroactively adjusting historical shares outstanding and net asset value per share.
Analysis · TSUI · Crypto Assets
The 21Shares Sui ETF (TSUI) reported a substantial net decrease in net assets from operations, driven by a significant depreciation in the underlying SUI token. The fund experienced a total return of -36.96% for the quarter, reflecting the challenging market conditions for crypto assets. This performance highlights the volatility inherent in its concentrated investment strategy in SUI. The fund also underwent a 2-for-1 reverse share split during the quarter, which retroactively adjusted share counts and NAV per share.
At the time of this filing, TSUI was trading at $22.03 on NASDAQ in the Crypto Assets sector. The 52-week trading range was $16.71 to $26.58. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.